On Wednesday, Shares of Nucor Corporation (NYSE:NUE), lost -3.78% to $38.65.
Nucor Corporation (NUE) declared guidance for the fourth quarter ending December 31, 2015. Nucor anticipates fourth quarter results to be in the range of $0.15 to $0.20 per diluted share. This range is a decrease from both the fourth quarter of 2014 earnings of $0.65 per diluted share and the third quarter of 2015 earnings of $0.71 per diluted share.
Projected fourth quarter of 2015 results comprise a LIFO credit of $181.0 million ($0.34 per diluted share), contrast with a credit of $137.0 million ($0.27 per diluted share) in the third quarter of 2015 and a credit of $57.3 million ($0.11 per diluted share) in the fourth quarter of 2014. Comprised in the third quarter of 2015 results was an out-of-period non-cash gain of $10.2 million ($0.03 per diluted share) related to a correction of deferred tax balances. The fourth quarter of 2014 results were influenced by about $8.9 million ($0.02 per diluted share) of inventory-related purchase accounting adjustments associated with the acquisition of Nucor Steel Gallatin and a $9.2 million ($0.03 per diluted share) out-of-period non-cash gain related to a correction to tax balances.
Operating performance at the steel mills segment in the fourth quarter of 2015 is predictable to decrease from the third quarter of 2015. Our sheet and bar steel mills in particular have practiced reduced margins as selling prices have eroded more than the decline in raw material pricing. This performance is due to continued deterioration in global steel markets amplified by global excess capacity and historically high import levels. Although the trade remedy process has not moved as quickly as we would like, we believe that preliminary antidumping and countervailing duties and affirmative critical circumstances findings in the steel sheet cases should have a positive impact on domestic sheet mills in the first half of 2016. Nonresidential construction markets, although improved from 2014, are starting to slow mainly due to seasonal factors. Energy, heavy equipment and agricultural markets remain weak. The automotive market remains strong.
Nucor Corporation manufactures and sells steel and steel products in the United States and internationally. It operates through three segments: Steel Mills, Steel Products, and Raw Materials. The Steel Mills segment produces and distributes hot-rolled, cold-rolled, and galvanized sheet steel products; plate steel products; structural steel products comprising wide-flange beams, beam blanks, H-pilings, and sheet pilings; and bar steel products, such as blooms, billets, concrete reinforcing bars, merchant bars, and special bar quality products.
Shares of Atmel Corporation (NASDAQ:ATML), declined -0.46% to $8.66, during its last trading session.
Atmel® Corporation, declared a high-accuracy debugging tool that enables customers to visualize the power usage of their product during the development cycle. With ultra-low power being a critical factor in next-generation Internet of Things (IoT), wearable and battery-operated devices, being able to locate code where power spikes occur is crucial for supporting extremely low power in the overall design. The new Power Debugger is Atmel’s latest development tool for debugging and programming Atmel | SMART ARM® Cortex®-M–based MCUs and Atmel AVR® MCUs that use JTAG, SWD, PDI, debugWIRE, aWire, TPI or SPI target interfaces.
In addition to standard low-level debug functionality, the Power Debugger features two independent current-sensing channels for collecting real-time power measurements during application execution. The Atmel Power Debugger streams such power measurements collected to the Atmel Data Visualizer—available in Atmel Studio 7 IDE—for real-time analysis and display. The Data Visualizer graphs power usage in real-time and uses this data to estimate application battery life. The Data Visualizer also enables developers to correlate power samples with the code that was executing when the sample was taken, greatly reducing the time required to identify “hot spots” in the developers’ application.
“Lowering overall power consumption is key to many customer designs and essential for battery-operated and wearable designs,” said Steve Pancoast, Vice President of Software Development, Applications and Tools, Atmel Corporation. “Atmel provides cost-effective, easy-to-use tools that make it possible for our developers to profile the power usage of applications running on their own hardware as part of the standard development cycle. The Power Debugger is part of Atmel’s pledge to bring the latest tools to market, enabling developers to quickly get their prototype to production with the lowest power consumption.”
Atmel Corporation designs, develops, manufactures, and sells semiconductor integrated circuit products primarily in the United States, Asia, Europe, South Africa, and Central and South America. It operates in four segments: Microcontroller, Nonvolatile Memory, Automotive, and Multi-Market and Other.
Finally, Next Era Energy Inc (NYSE:NEE), ended its last trade with 4.99% gain, and closed at $103.65.
Florida Power & Light Company (FPL) is second in the nation and leads the southeast region for outstanding performance among the nation’s leading utilities, according to a survey of utility customers conducted by Cogent Reports™ at Market Strategies International, a leading nationwide research firm.
“Being named a 2015 Customer Champion is not just a matter of recognition but an affirmation of the customer-centric approach that each of our 8,000 employees practice each and every day,” said Eric Silagy, president and CEO of FPL. “Furthermore, it’s a reflection of our steadfast commitment to providing our customers with a superior value proposition, highlighted by high reliability, affordable bills that are 30 percent below the national average and less recently than were 10 years ago, award-winning customer service and one of the cleanest emissions profiles in the nation – all of which we take great pride in.”
As part of the Residential Utility Trusted Brand & Customer Engagement™ study, FPL achieved top-tier Engaged Customer Relationship scores in every category: Brand Trust, Operational Satisfaction and Product Experience.
NextEra Energy, Inc., through its auxiliaries, generates, transmits, and distributes electric energy in the United States and Canada. The company generates electricity from gas, oil, solar, coal, petroleum coke, nuclear, and wind sources.
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